Protective Insurance Company Car Insurance Review

  • protective insurance

Protective Insurance Company Overview

If you want to get an insurance company that does business all across Canada, you might be interested in getting insurance through Protective Insurance Company. This is a company that has provided insurance and financial services to clients for over a hundred years. The company was founded way back in 1907. They are currently licensed to be able to sell insurance in 50 different states, in Columbia, Puerto Rico as well as in all of the Canadian Provinces. If you are looking to get an insurance company that is widespread, this is definitely a good option for you. In 2015, the company had losses of $1,820,000 in Canada. However, the company more than made up for those losses through all of the business it conducts worldwide.

Products Offered by Protective Insurance Company

One of the main things that can help to assist you in being able to pick out an insurance company is knowing about the products that they have to offer. Pricing is important as well, but before choosing an insurance company, you need to make sure you are going with them as a result of being able to get the coverage that you want and need. Different insurance companies specialize in different things. Some insurance companies won’t insure everything and anything, which is why it is extremely important to know what a company has to offer for products before choosing to go with them. Here are the things Protective Insurance Company offers:

Auto:

  • Auto liability
  • General liability
  • Cargo liability
  • Physical damage
  • Different deductible rates

Contractor:

  • Liability
  • Occupational Accident
  • Workers compensation
  • Auto liability
  • Passenger accident
  • Physical damage

Public Transportation:

  • Liability – Garage and general
  • Workers compensation
  • Physical damage
  • Fleets
  • Busses and limousine

Protective Insurance Company Car Insurance Review

Seeing the amount of business a company does is a good way to be able to decide if an insurance company is reliable or not. The more business a company does, the more likely it is that they actually have decent policies available that people want to purchase. For that reason, you may want to learn about what total written auto premium is. This figure is the amount of money collected before insurance premiums are paid out to company clients. In 2015, Protective Insurance Company has a total written auto premium of $2,190,000. This is by no means a small figure and even though the company posted a loss for the year, they managed to conduct business in everywhere but two provinces in Canada, which is definitely a good accomplishment.

Protective Insurance Company Car Insurance Products:

Discounts:

One of the major bonuses of getting insurance through Protective Insurance Company is definitely getting big discounts. The company not only offers insurance at reasonable price tags but the company also partners with other retail companies helping to provide safety products to help keep you as safe as possible. Protective Insurance Company goes a lot further than most insurance companies do in terms of your safety. Allowing you to be able to get a discount on things like spill kits and pylons. These items will keep you prepared for when things go wrong and keep you as safe as possible when they actually do. Getting a discount on your insurance isn’t the only reason you should go with a particular insurance company, but it definitely should have some influence on your decision.

Training:

One of the major reasons why people get into accidents while driving is a result of them having bad habits. In order to avoid this from happening and to make sure that you are safe on the road, Protective insurance offers its clients access to safety training programs. These programs have many different topics that help to keep drivers up to date with current information and make sure that they are safe out on the road. Here are some of the courses that the company offers:

  • Defensive driving tactics
  • Inspections
  • Mirror usage
  • Hours of service
  • Lane changes
  • Speed and space managing
  • Turning
  • Clearance space
  • Fatigue/ tiredness
  • Driving in construction
  • Preventing head-on collisions
  • Bad condition driving
  • Collision site and protocols

Claims:

Protective Insurance Company has a very quick claims process. The company allows you to be able to make claims 24 hours a day 7 days a week. This company offers premium service to its clients, which is partially why the company has grown so big over time. They have an online claims option and a number of different phone numbers that you can call in order to be able to process claims.  The company’s website is extremely easy to navigate and if you have any questions or concerns about an insurance policy or a claim, you can get in touch with someone quite easily. Definitely an easy going company as far as claims are concerned and a company that has a large wallet to make sure that you get the money for any claims that you have to make.

Protective Insurance Company Total Sales/ ranking by province

Picking out an insurance company may not be as easy as looking at their total business and the number of products that they have to offer. You may also want to check out the total amount of business that a company conducts in your local area. Depending on where you are located, insurance may be used for certain things more than others. It is definitely important to consider how much business is conducted on a per province basis. This allows you to be able to get a better grasp of the quality of insurance as well as the accessibility and pricing in your local area. To help you see how much money Protective Insurance Company made in each province, we have rounded up their direct written insurance premiums. We created a table comparing their totals to the top 30 insurance companies in each of Canada’s provinces in the table below:

Province:Direct Written Premiums 2015Ranking on Top 30
Newfoundland2,190,000N/A
Prince Edward Island6000N/A
Nova Scotia3000N/A
New Brunswick25,000N/A
Quebec41,000N/A
Ontario362,000N/A
Manitoba1,254,000N/A
Saskatchewan42,000N/A
Alberta14,000N/A
British Columbia304,000N/A
Yukon Territory133,000N/A
Northwest TerritoriesN/AN/A
NunavutN/AN/A

Resources:

https://www.protectiveinsurance.com/insurance-programs/insurance-programs-overview

https://en.wikipedia.org/wiki/Protective_Life